船運股SB和SBLK - SB在今天Dow300點的大跌下,其股價表現得非常堅挺。昨天,BDI跌10點,主要是受Capesize

船運股SB和SBLK - SB在今天Dow300點的大跌下,其股價表現得非常堅挺。昨天,BDI跌10點,主要是受Capesize的船隻影響,Panamax的船運價昨天依然是上升的。目前Panamax船運價指數為1340點,離去年的最高點相差300多點。

 

今年下半年到明年上半年,除了貿易戰的負麵影響以外,加裝環保設備會對船運價產生重大推升。以Panamax船為例,目前全球擁有的船隻數量不到3000艘,大多數都要在年底前出水幾個星期加裝環保設備,另外一些舊船可能就要在年底被送到拆船場了,因為為它們加裝環保設備可能也用不了幾年,從投資的角度來看並不劃算。這些拆掉的舊船加上目前依然非常低的新船訂單會對明年以後的船運價提供有力的支撐。

 

目前,Diana Shipping所簽的每天$13000的Panamax的船運合同價格水平,對SB而言足以支撐$0.21的每股年收益,在PE=10下,這個收益可以支撐$2.1的股價。目前,SB的基於船隻市場價的每股淨資產大概在$2.8以上。並且隨著船運價的升高,船隻的價格也會跟著上升,從而推高SB的每股資產價值。

 

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum thirteen (13) months. 

 

Today, Thursday, May 30 2019, the Baltic Dry Index decreased by 10 points, reaching 1097 points.

 

Today, Wednesday, May 29 2019, the Baltic Dry Index climbed by 25 points, reaching 1107 points.

 

Today, Tuesday, May 28 2019, the Baltic Dry Index climbed by 16 points, reaching 1082 points.

 

本文純屬自娛自樂，不構成任何投資建議。股市有風險，投資需謹慎，買賣文中所提及的股票所產生的盈利或虧損均應由投資者個人自負。Disclosure：我重倉SB,SB.PR.D,和SBLK。